China Software Maker DSC Files for US IPO After Revenue Dip
Chinese software provider DSC has filed for a Nasdaq listing after receiving rare regulatory clearance from Beijing. The company reported a 29 percent revenue decline in 2025 but narrowed its net loss to 94.6 million yuan as it seeks to expand its digital services for automotive merchants.
DSC SECURITIES CO filed for a United States IPO after reporting a 29% revenue decline to 677.1 million yuan in 2025, compared to 948.2 million yuan in 2024. The filing follows rare regulatory clearance from China for a listing on NASDAQ INC. This move signals that qualified Chinese firms can still access American capital despite ongoing geopolitical friction between Washington and Beijing.
### Revenue Declines as Losses Narrow DSC reported revenue of 677.1 million yuan ($99.78 million) for the fiscal year ended December 31, down from 948.2 million yuan in 2024. The firm narrowed its net loss to 94.6 million yuan from a 157.1 million yuan loss a year earlier. Its platform served 228,000 active customers in 2025, providing operating systems and transaction services to used-car dealers.
